Monolithic Power Systems (NASDAQ:MPWR – Free Report) had its price target trimmed by Oppenheimer from $900.00 to $800.00 in a report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the semiconductor company’s stock.
MPWR has been the subject of several other reports. KeyCorp reduced their price objective on Monolithic Power Systems from $1,075.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC lowered their price objective on shares of Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Loop Capital upgraded shares of Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company started coverage on shares of Monolithic Power Systems in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $820.33.
Check Out Our Latest Stock Report on Monolithic Power Systems
Monolithic Power Systems Trading Up 0.1 %
Monolithic Power Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $1.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.78%. Monolithic Power Systems’s payout ratio is 56.37%.
Insider Transactions at Monolithic Power Systems
In other news, CFO Theodore Blegen sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now owns 53,444 shares of the company’s stock, valued at approximately $32,066,400. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now directly owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,100 shares of company stock worth $2,724,231. 3.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Monolithic Power Systems
Hedge funds have recently bought and sold shares of the business. Outlook Wealth Advisors LLC grew its position in shares of Monolithic Power Systems by 2.5% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 499 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 12 shares in the last quarter. Greenleaf Trust grew its position in Monolithic Power Systems by 1.5% during the third quarter. Greenleaf Trust now owns 979 shares of the semiconductor company’s stock worth $905,000 after buying an additional 14 shares in the last quarter. Aptus Capital Advisors LLC increased its stake in Monolithic Power Systems by 4.8% during the 3rd quarter. Aptus Capital Advisors LLC now owns 308 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 14 shares during the period. Graypoint LLC raised its holdings in Monolithic Power Systems by 3.9% in the 3rd quarter. Graypoint LLC now owns 403 shares of the semiconductor company’s stock valued at $373,000 after acquiring an additional 15 shares in the last quarter. Finally, TrinityPoint Wealth LLC lifted its position in shares of Monolithic Power Systems by 3.2% during the 3rd quarter. TrinityPoint Wealth LLC now owns 486 shares of the semiconductor company’s stock valued at $449,000 after acquiring an additional 15 shares during the period. 93.46% of the stock is owned by institutional investors.
Monolithic Power Systems Company Profile
Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.
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